American businesses are spending more on robots, and the companies building them are reaping the rewards. North American companies ordered 8,940 robots worth $622 million in the second quarter, up 4.3% in units and 21.3% in revenue from a year earlier, according to the Association...
Stablecoin payments infrastructure company Rain has formed a group to promote agentic commerce development. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Watch more: Digital Shift With Malachyte’s Sidd Motwani Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
The top 1% of U.S. businesses spent a median of $7,400 per employee on artificial intelligence in July, while the top 10% spent roughly $650, according to the Ramp AI Index released Aug. 12. The median company spent just $11.95 per employee. That gap leaves...
Agentic artificial intelligence (AI) wallets may be capable of moving money, negotiating terms and entering transactions without human intervention, but under existing U.S. law they cannot be held legally responsible when those actions go wrong. Get the Full Story Complete the form to unlock this...
Datavault AI plans to add artificial intelligence-driven, quantum-resistant cyber risk mitigation to its Data Vault Artificial Intelligence Platform (AIP) by acquiring cybersecurity company CyberCatch for $94.5 million, according to a Friday (Aug. 14) press release. Get the Full Story Complete the form to unlock this...
The cost of querying an artificial intelligence (AI) model performing at GPT-3.5’s level fell from $20 per million tokens in November 2022 to $0.07 per million tokens by October 2024, an over-280-fold reduction in about two years, according to Stanford’s AI Index 2025 Report. Tokens...
The United States is preparing to tell countries that they will be excluded from a U.S.-led artificial intelligence coalition if they join a Chinese-led one, Reuters reported Friday (Aug. 14), citing an unnamed U.S. official and a draft of a letter to members of the...
Grocery retailer Albertsons Companies found that the customers who begin using its artificial intelligence-powered online shopping experience make larger purchases almost immediately, Jill Pavlovich, senior vice president of digital shopping experiences at Albertsons, told The Wall Street Journal in a report published Monday (Aug. 17)....
